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Joe Guszkowski Restaurant Business Online updates us on what's happening with Ashwin Kamlani and JUICER. "Dynamic pricing startup JUICER has raised $5.3 million as it looks to bring its pricing optimization technology to more restaurants. The seed funding found was led by venture capital firm York IE. San Francisco-based Juicer uses AI, machine learning and historical sales data to adjust restaurants' menu prices in real time. Its products include a dynamic pricing tool that can automatically change a restaurant’s prices on third-party delivery apps based on demand. The system raises prices during busy times and lowers them during slower periods. The data-driven approach has caught the industry’s attention as restaurants try to strike the delicate balance between driving traffic and protecting margins with their menu prices. Meanwhile, the growth in online ordering and digital menus has made real-time price adjustments feasible. “Juicer is at the forefront of a fundamental shift in how restaurants operate and compete,” said Marshall Everson, VP of investments and strategy at York IE, in a statement. “They are solving immediate pain points by helping restaurants navigate the narrow canyon between rising cost and consumer price sensitivity.” Everson is joining Juicer’s board as part of the investment. Dynamic pricing has been in the spotlight since Wendy’s said it planned to test the technology next year. The news sparked backlash over the prospect of Uber-like “surge pricing” in restaurants, and Wendy’s later clarified that it will only use digital menu boards to offer different items and deals throughout the day. Juicer said it is not a surge pricing company but instead gives restaurants the ability to offer “data-driven happy hours.” Customers can benefit by getting lower prices at off-peak times, or pay a “modest premium” for faster service during busy times, when higher prices help limit bottlenecks, Juicer said. The company said this flexible pricing strategy can increase same-store sales by 5% to 10%. As for consumers' willingness to accept fluctuating prices, Juicer said that it has seen no pushback from customers. A recent report on restaurant technology by the National Restaurant Association found that 61% of adults have a very favorable or somewhat favorable view of dynamic pricing...read more." #QSR #Entrepreneur #Restaurants #Franchise #Franchising #FranchiseChat Chainformation Altir Industries, Inc. Franchise Pipeline Franchise Development Outsource Ned Lyerly Joe Caruso Michael (Mike) Webster PhD Anders Hall Jonathan Martin Michael Scherr Augment Ventures Muditā Venture Partners Athletic Greens Kat Cole, KAYAK Paul English 16 Handles Solomon Choi Postmates by Uber Andreas Lieber Two Roads Hospitality Jamie Sabatier Kitchen Fund

Embarking on the journey of opening a restaurant is an exciting jouney, but it requires meticulous planning and strategic decision-making to thrive in a competitive landscape. Before you set foot in the kitchen, it's crucial to map out a comprehensive business plan that encompasses various aspects of your venture. #restaurantindia #trending #hopitality #food #cafe #FB #foodindustry BY - Deeksha Tiwari, News Correspondent, RestaurantIndia.in

Over the last hundred years, countless fast-food chains have emerged that offer convenience, affordable fare and unique dining experiences. But as consumer preferences change over time, some franchises fail to keep up. Click Here To Read More: https://fxn.ws/43XZ0SC Big Chicken Josh Halpern Samuel Stanovich 🐔 Jason Mceachern Branded Hospitality Ventures #Restaurants #Hospitality #Technology #Business #Innovation #AI #investing #podcast #venturecapital FoxBusiness.com Max Bacall

Jonathan Maze Restaurant Business Online tells us what happening with The Great Greek Mediterranean Grill Consumer trends are on Great Greek Mediterranean Grill's side The fast-casual Mediterranean chain says it is getting customers who want a good in-restaurant experience as well as those who want a family-style meal at home. After years of unfulfilled promise, Mediterranean cuisine appears to be having a moment, thanks in no small part to the success of chains like CAVA. And think about why it works today. Mediterranean food is healthy. It holds well, so that makes it portable. But consumers can also enjoy it inside the restaurants. All of which has helped Great Greek Mediterranean Grill thrive enough to land at No. 14 on this year’s Future 50 ranking of up-and-coming restaurant chains. The franchise is the fastest-growing Mediterranean concept in the U.S., and last year grew sales by 48%. The chain added 23 new locations in 2023 and finished the year with 51 restaurants. Company President Robert Andersen said the chain’s same-store sales growth has been strong over the past couple of years and most of its locations this year are enjoying improved traffic. “There are a lot of consumers struggling out there, and they’re maybe shifting down,” Andersen said. “But we’re seeing folks who still want a really great meal. They want a really great experience. They want to eat healthy. They want a great food experience. But they also want to have a great service experience.” Great Greek was founded in Henderson, Nevada, in 2011. The brand thrived and started franchising in 2018 and is now affiliated with the franchise company United Franchise Group. The company was able to grow through the pandemic by selling franchises. Andersen said that the service inside the restaurant, featuring real plates and a cooked-to-order menu, provides customers with more of a full-service experience. “It’s really an elevated experience,” he said. But, Andersen added, “We’re also seeing people take their food home.” Catering, in particular, is growing. It was 2.5% last year. That’s on pace to double in 2024, Andersen said. It’s very communal, very easy to share, holds well,” Andersen said. There’s “just so many opportunities to grow in that fashion.” https://lnkd.in/ekauaxKW

🌟 Big News at Pita Pit! 🌟 We’re thrilled to announce a bold and exciting rebrand of Pita Pit, marking a significant step forward in our journey to redefine fast-food with a Mediterranean twist! 🥙✨ Today, we unveiled our fresh, new look and a series of innovations that emphasize our commitment to quality, convenience, and the evolving needs of our customers. With a modernized restaurant design, a new drive-thru business model, technological upgrades, and of course, our tantalizing new menu item - the Greek Grilled Cheese - we’re here to transform your dining experience. Why this rebrand? We aim to enhance our cult-following and position Pita Pit as the world’s first choice for Mediterranean fast-food. This includes a smaller, more efficient footprint that allows for greater flexibility in site selection and a reduced financial commitment for our franchisees. 🔗 Dive deeper into our exciting developments and what it means for you by reading our feature on Yahoo Finance: Pita Pit's Fresh & Flavorful Company Rebrand. Join us as we embark on this exciting journey. Whether you’re a potential franchisee passionate about quality and innovation or a customer eager for flavorful, health-conscious options, there’s never been a better time to connect with Pita Pit. 🌐 For franchise information, visit Pita Pit Franchising. https://lnkd.in/eAekmDp #business #franchise #Success #Branding #entrepreneurship #culture #innovation Let’s make fresh, flavorful, and fast the future of food together! 🚀🥙

Over the last hundred years, countless fast-food chains have emerged that offer convenience, affordable fare and unique dining experiences. But as consumer preferences change over time, some franchises fail to keep up. Click Here To Read More: https://fxn.ws/43XZ0SC bigchicken Josh Halpern Samuel Stanovich 🐔 jason mceachern Branded Hospitality Ventures #Restaurants #Hospitality #Technology #Business #Innovation #AI #investing #podcast #venturecapital FoxBusiness.com max bacall

📰 Chicken QSR Chain BigGuys Bags $2 Million from NRIs. Chicken QSR (Quick Service Restaurant) chain BigGuys has successfully raised $2 million in funding from Non-Resident Indians (NRIs), aimed at accelerating its expansion plans and enhancing its market presence. 💰 Funding Highlights: - Capital Raise: BigGuys secured $2 million from NRI investors, reflecting confidence in its growth potential and business model. - Strategic Use: The funds will be utilized to expand the restaurant chain's footprint and improve operational efficiency. 🚀 Expansion Plans: - New Outlets: BigGuys plans to open new outlets in key locations, targeting increased market penetration and customer reach. - Brand Building: The investment will support marketing initiatives to strengthen BigGuys' brand presence and attract a larger customer base. 🍗 Operational Enhancements: - Menu Diversification: Funds will be allocated towards diversifying the menu, introducing new chicken-based products to cater to varied tastes. - Technology Integration: Enhancing technology infrastructure for better customer service, streamlined operations, and improved order management is a priority. 🌟 Strategic Initiatives: - Quality Focus: Maintaining high-quality standards and ensuring consistent customer satisfaction remain central to BigGuys' strategy. - Franchise Expansion: Exploring franchise opportunities to accelerate growth and expand the brand’s reach across different regions. 📈 Market Potential: - QSR Growth: The quick service restaurant market is expanding rapidly, with increasing demand for convenient and quality dining options. - Competitive Edge: BigGuys is well-positioned to capitalize on this growth with its unique offerings and strategic expansion plans. 📅 Future Outlook: - Sustainable Growth: With the new funding, BigGuys aims to achieve sustainable growth, establishing itself as a prominent player in the chicken QSR segment. - Customer Experience: Focusing on enhancing customer experience through quality food, efficient service, and innovative offerings. BigGuys' $2 million funding from NRIs marks a significant milestone in its journey to expand its footprint and enhance its market presence. The investment will enable BigGuys to innovate, grow, and deliver exceptional dining experiences to its customers. Bigguy's Wingery #BigGuys #QSR #Funding #ChickenRestaurant #NRIs #ExpansionPlans #SustainableGrowth #StartUpNews #MicroShots #NewsUpdates

More and more Buffalo Wild Wings are flying out the door via delivery and takeout orders. That has the purveyor of chicken wings shifting its strategy towards quick service locations and away from the traditional sports bar. It's also sign of a bigger trend as casual dining continues to struggle, while takeout and delivery continue to be the breakfast of champions for customers. Chances are you've experienced or part of this trend. On most school nights, many restaurants are essentially empty, yet enjoy a decent if not vibrant takeout and delivery business. If anything, bustling dine-in restaurants can often feel like the exception than the norm these days. So the popularity of BWW on the go shouldn't come as a surprise, and no, it's not just a tech bro's dream. The chain just opened its 100th Go location, which unlike its multiplex sports bars are smaller and focus only on takeout and delivery orders. For context, a typical BWW sports bar is around 6,000 square feet on average, while a Go location is 1,500 square feet, meaning cheaper real estate that’s faster to build and easier to operate. What's interesting about chicken wings is they're kind of an offshoot of the chicken sandwich wars that swept the nation like K-pop and Taylor Swift. The past two years have seen some of the biggest chains flying the coop to come up with their own chicken sandwiches, leading to a poultry shortage. Chicken Wings are the next farmyard frontier with other chains now looking to launch their own versions to bolster their sales. In essence, there are two trends in flight. For one, the struggles of in-restaurant dining has restaurants flocking to delivery and takeout. Even if you don't completely agree, the reality is that people are dining out less. The other more tasty trend is chicken continues to be the "It" food. From sandwiches to wings, we can't seem to get enough...unless, that is, we're just really into ranch and blue cheese dressing https://cnb.cx/4arPp9h #restaurant #fastfood #chicken #buffalowildwings #poultry #delivery #takeout #culture #consumers

The possible sale of Outback is one step in the ongoing #consolidation of the fast food restaurant market in Brazil. #Brazil #foodmarkets #consolidation #Outback #competition https://lnkd.in/eb9RAX5K

Taco Tuesdays Taqueria presents a compelling opportunity for investors due to several key factors: 1. Proven Business Model Taco Tuesdays Taqueria has demonstrated consistent growth and a loyal customer base. This proven success reduces the risk typically associated with new ventures, making it a more secure investment. 2. Unique Market Position Our taqueria offers a unique twist on traditional tacos, combining authentic flavors with innovative culinary techniques. This distinctive approach sets us apart from competitors and attracts a diverse customer base. 3. Scalability With a solid foundation and established brand, Taco Tuesdays Taqueria is poised for expansion. We have clear plans to open new locations and explore franchising opportunities, providing investors with multiple avenues for growth. 4. High Demand for Authentic Mexican Cuisine The demand for authentic and high-quality Mexican food continues to rise. Taco Tuesdays Taqueria taps into this growing market, offering delicious and authentic dishes that keep customers coming back. 5. Strong Brand Identity Our vibrant and inviting atmosphere, combined with excellent customer service, has created a strong brand identity. This helps in building customer loyalty and attracting new patrons through word-of-mouth and positive reviews. 6. Experienced Leadership Team Our leadership team brings a wealth of experience in the restaurant industry, ensuring that operations are smooth, efficient, and focused on continuous improvement. This expertise is crucial for scaling the business successfully. 7. Community Engagement Taco Tuesdays Taqueria is more than just a restaurant; it’s a community hub. We actively engage with our local community through events, partnerships, and promotions, fostering a sense of belonging and loyalty among our customers. 8. Innovative Marketing Strategies We employ innovative and effective marketing strategies, leveraging social media, influencer partnerships, and community events to keep our brand top-of-mind and drive customer traffic. 9. Financial Viability Our strong financial performance and efficient cost management ensure that Taco Tuesdays Taqueria remains profitable and sustainable. This financial stability makes it an attractive option for investors. 10. Passionate Customer Base Our customers are passionate about our food and our brand, often acting as ambassadors who spread the word about their positive experiences. This organic promotion is invaluable for growth and brand recognition. Investing in Taco Tuesdays Taqueria means becoming part of a dynamic and growing business with a clear vision and strong potential for significant returns. Click the link to get a company deck and set up a time to speak with us. LINK: https://lnkd.in/ehqxwyWU #InvestmentOpportunity #TacoTuesdays #MexicanCuisine #RestaurantInvestment #BusinessGrowth #InvestInFood #RestaurantExpansion